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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Sidelines Mode (+55) - SARJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SARJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARJPY
Open High Low SARJPY Price Change
29.325969 29.348215 29.307770 29.307770 -0.018199
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term up The long-term trend has been UP since Oct 30th, 2019 at 29.129000

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 29.253372

short term down The short-term trend has been DOWN since Feb 25th, 2020 at 29.455433

Smart Scan Analysis for SARJPY

Based on our trend formula, SARJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.325969 29.348215 29.307770 29.307770 -0.018199
Prev. Close Volume Bid Ask Time
29.325969 29.271987 29.343553 2020-02-27 00:52:50
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